Tag Archive for: #ncidea

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VGCC’s Edmonds Elected To Chair Triangle NC IDEA Foundation

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– information courtesy of VGCC Public Information Officer Courtney Cissel

Vance-Granville Community College has announced Dr. Jerry Edmonds III, Vice President of Workforce and Community Engagement, is the newly elected chair for Triangle 501(c)(3) NC IDEA.

NC IDEA is a Durham-based, independent private foundation committed to equitably empowering North Carolinians to achieve their entrepreneurial potential. Through a powerful combination of competitive grants and programs and a network of strategic partners, the organization supports the state’s most ambitious entrepreneurs as they transform their communities. Edmonds served on the organization’s board for two years prior to his election as chair; he has also been part of its North  Carolina Black Entrepreneurship Council (NC BEC) since its formation in 2020.

“NC IDEA is fortunate to have a visionary board comprised of accomplished business leaders with the  bold ambition to empower North Carolinians to achieve their entrepreneurial potential,” said Thom Ruhe, president and CEO of NC IDEA. “Our directors are distinguished members of the state’s entrepreneurial ecosystem,” Ruhe stated.

Before entering the higher education field, Edmonds held a variety of executive leadership positions for major corporations and has received numerous awards in areas including training, recruitment, marketing and leadership. He brought those perspectives to his roles as dean of Workforce and Economic Development and Small Business Center Director at Halifax Community College before joining VGCC’s executive team in 2019.

In  2018, Edmonds launched Willow Creek Tennis Retreat, LLC and the Edmonds Tennis and Education  Foundation, dedicated to utilizing the game of tennis to provide academic and athletic opportunities for  under-resourced youth throughout rural North Carolina.

Edmonds is joined on the NC IDEA Board by three newly elected members and six returning board  members, including past VGCC President Dr. Stelfanie Williams.

Learn more about NC IDEA and its vision to empower the state’s entrepreneurs at https://ncidea.org/

 

 

 

 

TownTalk: NC IDEA – Finding, Funding Entrepreneurs In Underserved Areas

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Those announcements about big-name companies coming to North Carolina grab headlines and garner attention, but NC IDEA President and CEO Thom Ruhe suggests that it’s the small businesses that deserve the fanfare.

Ruhe did a little quick math on Tuesday’s Town Talk and told John C. Rose that each new business, on average, creates five jobs. And in 2020, North Carolina had more than 7,000 new company filings than it did in 2019. You don’t need a calculator to know that, on average, those new companies created 35,000 jobs.

It’s that “army of entrepreneurs,” Ruhe said, that have a tremendous impact on the economy.

Ruhe and NC IDEA identify, support and promote entrepreneurs and their visions for creating new companies. NC IDEA and its 60 business partners help companies get off the ground, grow and thrive in today’s economy. The $50,000 Seed Grant program and $10,000 Micro Grant program are two streams of “free money” for new companies.

But it’s not just money that NC IDEA is concerned about. “Anybody brave enough to do that,” Ruhe said of those who start their own business, should also have access to resources and networking opportunities to accelerate the company’s growth.

Sometimes, especially in rural communities, if the last big employer packs up and moves away, employees are faced with having to move or do something else. That “something else” could develop into an entrepreneurial passion, he said. This “survival” entrepreneurship often leads to a journey of discovery, he added.

In the spring funding cycle that just ended, Ruhe said NC IDEA funded 50 companies in the state – 80 percent of which were for entrepreneurs representing underserved communities.

Last year, NC IDEA created a Black Entrepreneurship Council and gave the group $500,000 to decide how to advance this particular group of entrepreneurs.

Ruhe said he was breaking news on Town Talk by announcing that a second $500,000 would be headed their way next year.

Ruhe has been on the job at NC IDEA a little more than five years. In his time there, he has seen the organization be more intentional about focusing on areas outside the traditional entrepreneurial hot zones like the Research Triangle and Charlotte area.

It has not been an easy balancing act, but NC IDEA is committed to process improvement – and finding the money to put behind their vision.

An entrepreneur needs perseverance, and critical-thinking skills to looks at problems as opportunities, he said, and obstacles not as roadblocks but something to figure a way around

A person with an entrepreneurial mindset, he said, is an active participant in life, and puts aside the notion that life is just something that happens to him or her. It’s not a TGIF (Thank Goodness It’s Friday) mindset. It’s a TGIM mindset – Thank Goodness It’s Monday – “I’m ready to go out and engage the world again,” Ruhe said.

For more details and TownTalk with Thom Ruhe, please click play.